September 21, 2018   

Deposits Top $250 Billion Throughout Georgia
There are 222 banks taking deposits or that have offices in Georgia, and our families and businesses entrust $250.4 billion in deposits with those banks as of June 30. Deposits at banks in the Georgia market were up by 9.5 billion, or 4 percent over June 30, 2017. That’s the tally from the latest FDIC deposit market share report released late last week. As of June 30, there were 175 Georgia-based banks and 47 banks from 20 other states operating in Georgia. Banks based in Georgia hold 52 percent of deposits, with those based elsewhere having a 48 percent share. The only changes in the top 10 banks for market share were that Ameris Bank entered the top 10 at No. 8 with 2.3 percent share statewide, and RBC Bank (Georgia), N.A. dropped out of the top 10. See the full report here.
Loudermilk
Loudermilk Continues SARs/CTRs Modernization Efforts
We learned this week that Rep. Barry Loudermilk (R-GA 11) has introduced the Financial Reporting Threshold Modernization Act (H.R. 6850), which is a standalone version of a section in a previous bill that the House Financial Services Committee was considering about Bank Secrecy Act/Anti Money Laundering reform. This is the section that proposes to increase the BSA’s currency transaction report threshold and suspicious activity report threshold, which have not been updated since the law was enacted in 1970. Specifically, this bill would increase the CTR threshold from $10,000 to $30,000 and increase the SAR threshold from $5,000 to $10,000. Our thanks go to Rep. Loudermilk for continuing his efforts on this front. With questions, please call Elizabeth Chandler at 404.420.2027 or Joe Brannen at 404.420.2026.
De Novo Series Rolls Out
The first installment of our seven-part De Novo Bank Accelerator webinar series was Wednesday. We began the series with a look at the environment for possible new bank formation in Georgia. The program started with a detailed look at the history of de novos nationally and in Georgia as well as the current geographic and economic landscape that may make new bank formation attractive in some areas. GBA’s David Oliver presented the facts and figures. That was followed by a discussion of the statutory convenience and need requirements for new bank applications, presented by James Stevens, Troutman Sanders. The natural next topic was an examination of the business plan requirements for new applicants, which was outlined by Tim Keadle of Porter Keadle Moore. The webinar session is being archived for on-demand access once the series is completed. Click here for details on the other upcoming sessions.
Call for Ops/Tech Program Ideas
The GBA Operations and Technology Committee meets Sept. 26 to discuss key trends, advocacy needs the educational programs for its peers in the coming year and plan its spring conference. If you have a topic you’d like the committee to take up or consider for programming, please let us know. If you’re an Associate Member company, now’s the time to let us know if you have an expert and trending topic area to suggest. We’ll consider topics and ideas for seminars, webinars and conference sessions. Please include specific details about the topic, a short description, the presenter’s credentials and contacts and any other helpful details. The committee chair is Lamar Doolittle of the Geo. D. Warthen Bank, Sandersville, and the vice chair is Jaye Eubanks, United Bank, Zebulon. You may email either one of them or contact GBA’s Alison Moreau, 404.420.2034, with your ideas.
Compliance Conference Wrap-up
As we mentioned last week, Compliance professionals from GBA banks gathered for their conference that wrapped up Friday. It was a great conference, but don’t take our word for it. Listen to what Tucker Mosteller, First Bank, Dalton, and Laura Rosser, Renasant Bank, Atlanta, had to say about their experience by clicking the image below to short videos. And see photos of the conference here. Special thanks to the GBA Compliance Committee, which plans and hosts the annual conference, chaired by Sterling Williams, chief risk officer at Renasant Bank, Lawrenceville. Thanks also to our 2018 sponsors and exhibitors...
HVCRE Changes Proposed
A new rule would adjust the parameters and definition of high volatility commercial real estate (HVCRE) for regulatory capital calculations. The rule would implement a provision in the financial services regulatory reform package enacted this year that limits the exposures subject to a 150 percent risk weight to only those high-volatility commercial real estate loans that fall under the statutory "HVCRE ADC" definition. More details here...
Same-Day ACH Capability Expanded
NACHA has adopted three new rules to make same-day ACH transactions more available for banks and bank customers. One rule expands same-day ACH by two hours every business day, the second rule will increase the same-day ACH per-transaction limit to $100,000, and the third rule will enable same-day ACH funds to be available faster. Get all the details here..
Allen
Last chance to register!
Loan Documentation Seminar, Sept. 26
On Wednesday, Sept. 26, GBA's Loan Documentation seminar will cover the prevention of loan losses through implementation of proper loan structuring and documentation techniques. Mike Allen, EVP, Senior Credit Officer at State Bank & Trust Company in Atlanta will be covering topics like identifying the borrower and the collateral, evidencing the debt, attaching and perfecting the collateral real estate specifics as well as many other important topics. To register, click here. Registration is $250 per person. With questions, please contact GBA's Jenna Lynn Warner, 404.420.2035.
FRM Conference - Nov. 7-8
Program Covers Tons of Ground for Finance Pros
There’s something for any member of a bank finance team at GBA’s Financial Risk Management Conference this year. The agenda includes two pre-conference sessions – a reciprocal deposits update by Danny Capitel of Promontory Interfinancial Services, and Orrin Edwards of Raymond James & Associates will discuss depository investment portfolio trends. General sessions include an economic update by Joe Keating,CenterState Bank; a CECL update with Ron Mitchell, Mauldin and Jenkins, LLC and Rick Martin, Fiserv; enterprise risk management with Ken Proctor of Cadre Strategic Risk Management, LLC; and a session about the future of payments with Terri Sands, Secura Risk Management. We will also have two panel discussions – a regulatory panel and a rising deposit costs panel. Click here for more details…
Southeast Georgia Community Bank Symposium
Anticipated Annual Event Returns Nov. 1

For over a decade, GBA has partnered with Georgia Southern University to host an exciting program just for Southeast Georgia community bankers. This year’s Southeast Georgia Community Bank Symposium is Nov. 1, and we’re excited because Don Cox, professor of finance and BB&T Distinguished Chair in Money & Banking, has taken suggestions from past participants and developed a totally new approach as we focus on the important issues facing our members. Click here for 2018 program highlights and more information…
Check out the Credit Conference Lineup of Experts
Bank credit team won’t want to miss out on the information available at this year’s GBA Credit Conference coming up Dec. 13-14 in Atlanta. Jeff Foley, brigadier general, U.S. Army (Ret.) and CEO/president, Loral Mountain Solutions, LLC will deliver the keynote address. Session topics include a complimentary pre-conference session looking at the Georgia Housing Market with perennial favorite presenter John Hunt. General sessions include a legal update from Bill Custer and Jen Dempsey of Bryan Cave Leighton Paisner, and an economic update from Kennesaw State’s Roger Tutterow. The agenda also includes peer exchange, a panel discussion on new industry in Georgia and a choice of two breakout sessions – a CECL update with Eve Rogers, Crowe, LLC, or a detailed dissection of the Georgia credit marketplace by Nathan Stovall, senior research analyst, S&P Global Market Intelligence. More details here…
2018 BankPAC Update
The 2018 BankPAC Campaign is going full force ahead and now is the time to join your fellow bankers across Georgia in contributing to this important statewide effort. Check out our new fillable forms for use in making contributions to the GBA StatePAC and GBA FedPAC and also see how your GBA Group is faring so far. Click here to see the bank CEOs, Associate Members and Bank Counsel Section members who contributed to the GBA StatePAC and FedPAC this week...
McNair
Best wishes, Rob; Welcome, John
We send our best wishes to CBA president and CEO Rob Braswell who will be retiring at the end of October. We’ve worked with Rob since his days with the Department of Banking and Finance and know he’s excited about spending a lot of quality time with family and friends. Also, a warm Georgia welcome to John McNair who was named as Rob’s successor. John comes to Georgia after working a number of years with the Independent Community Bankers Association in Washington, D.C.
Majority of 401(k) Participants Need Guidance
Many participants are stressed about retirement. They don’t know how to choose their investment allocations and they don’t know how much they need to be saving. GBA Retirement Services has a solution for both of these obstacles! In the Managed Account Option (also called the "UnifiedPlan"), Unified Trust Company, as discretionary trustee of the GBA Master Trust, selects the fund allocations for each participant based on their current age, projected retirement age, account balance, deferral rates, social security, outside assets, etc. As the participant gets closer to retirement, the allocations automatically become more conservative. Most participants do not want to make their own investment decisions and like having a professional to do it for them. This solution is offered under the Master Trust for each participant at no additional cost. In addition, the "UnifiedPlan" statements are unique in that they demonstrate to participants how much they will need in retirement versus how much they are expected to have if they continue at current deferral and matching rates. This statement format gives participants a better understanding of when they can successfully retire. We believe in putting the needs of participants first and helping them achieve a successful retirement. Find out why now is a great time to begin your plan review for the upcoming 2019 plan year….
Protect Your Human Capital and Your Bank with Employment Law Resources
Monitoring revisions and changes to labor laws that affect the banking industry can be a challenge. Your bank can stay ahead of the curve with help from GBA Strategic Partner Employment Law Compliance, Inc. (ELC). ELC has a successful history of working with community banks of all sizes that may not have a large HR staff or in-house employment counsel. The professionals at ELC average 25 years of experience in their field. ELC's entire staff is committed to designing and maintaining the best solutions and services to help your bank. For more information, please contact ELC's Steve Greene at 770.206.3371.
Online Classes - October
Commercial Lending, Ag Lending and Customer Relationships

ABA facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. For more information, contact Alison Moreau, 404.420.2034. Click here for a list of all ABA offerings. There are four upcoming courses scheduled to begin in October…
ABA Certificate in Business and Commercial Lending, Other Certificates Available
The ABA Certificate in Business and Commercial Lending focuses on financial statement analysis and commercial lending, will familiarize lenders with both audited and unaudited statements, and fill any gaps in your understanding of credit analysis and underwriting. Pre and post-tests allow seasoned lenders to test out, and more importantly, let the industry know you are "credit trained" and ready to bring in new, qualified business.
Analyzing Financial Statements is a practical introduction to financial statement analysis from the perspective of the commercial loan officer. Gain the skills needed to effectively assess the risks related to a customer—current and prospective—and evaluate possible sources of repayment for the loan.
Commercial Lending is suitable for anyone who wants to learn more about the commercial lending process—the backbone of most banks’ lending portfolios. Learn what goes into making a successful commercial loan and how to manage a customer relationship once the loan is approved.
To register for the courses, click on the individual course titles above. For more information about any of these offerings, contact Alison Moreau, 404.420.2034. Click here for a list of all ABA offerings...
Fill a Job, Find a Job with the GBA Job Bank
The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available sections on our website consistently are among the most visited pages. Best of all, the service costs nothing for member banks and bankers. To make the process of posting a job or resume easier and to answer any questions you may have, we've developed this Q & A document as a resource. It outlines how to submit open positions and resumes, our deadlines and timelines for posting, and other helpful details. If you have any questions, please contact GBA's Katina Prokos at 404.420.2021.
Reciprocal Deposit Treatment Under Review by FDIC
FDIC has issued a request for comments on a proposed rule to exempt certain reciprocal deposits from being considered as brokered deposits for certain insured institutions. The new rule is required by a provision in the financial services regulatory relief legislation enacted earlier this year. Under the reciprocal deposit exception addressed in the proposed rule, well-capitalized and well rated institutions are not required to treat reciprocal deposits as brokered deposits up to the lesser of 20 percent of its total liabilities or $5 billion. Institutions that are not both well capitalized and well rated may also exclude reciprocal deposits from their brokered deposits under certain circumstances. GBA partner and Associate Member Promontory Interfinancial Network explains more about the law behind the proposed rule here. Please contact Promontory’s Danny Capitel, 770.630.6796, with questions.
Click the image to learn more
GBA Community Connections
We want to share all the good work GBA member banks, bankers, Associate Members and Bank Counsel Section members do to support their communities. Read all about the Community Connections our banks and members have below. Share your Community Connections by sending a brief paragraph and any photos of activities you have to us and we'll publish them at our earliest opportunity. Send information to Katina Prokos and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment...
Planters First Bank
Pinnacle Bank
Oconee State
Bank
Ken
Davis
Chris
Stanley
Judy
McDaniel
Michael Gilstrap
Read All About It: Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's David Oliver and Katina Prokos.